Binance Challenges SEC’s Attempt to Include DOJ Settlement Findings as ‘Irrelevant’

Binance has responded to the U.S. Securities and Exchange Commission’s (SEC) attempt to introduce findings from the $4.3 billion settlement with the U.S. Department of Justice (DOJ) in the ongoing legal proceedings. Binance argued that the SEC’s move is procedurally improper and impermissible, emphasizing the lack of relevance between the DOJ settlement and the SEC’s claims against Binance Holdings and Changpeng Zhao. The SEC filed charges against Binance on June 5, 2023, including allegations related to securities law violations, control of customer assets, and commingling/diverting customer assets. The exchange asserts that the SEC has failed to establish the connection between the DOJ settlement and its claims. (Source: Coingape)